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    Important Theory Questionscmc

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    Sudhanshu Sharma
    Strategic cost management involves using cost information to help position a company strategically in the market. It examines costs at each stage of a product's life cycle, from development to disposal. Target costing determines the cost a product must have to be competitive in the market, working backwards from the price customers will pay. Benchmarking compares a company's processes and performance metrics to industry leaders to identify areas for improvement.

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    Important Theory Questionscmc

    Uploaded by

    Sudhanshu Sharma
    119 views1 page
    Strategic cost management involves using cost information to help position a company strategically in the market. It examines costs at each stage of a product's life cycle, from development to disposal. Target costing determines the cost a product must have to be competitive in the market, working backwards from the price customers will pay. Benchmarking compares a company's processes and performance metrics to industry leaders to identify areas for improvement.

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    Strategic cost management involves using cost information to help position a company strategically in the market. It examines costs at each stage of a product's life cycle, from development to disposal. Target costing determines the cost a product must have to be competitive in the market, working backwards from the price customers will pay. Benchmarking compares a company's processes and performance metrics to industry leaders to identify areas for improvement.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    119 views1 page

    Important Theory Questionscmc

    Uploaded by

    Sudhanshu Sharma
    Strategic cost management involves using cost information to help position a company strategically in the market. It examines costs at each stage of a product's life cycle, from development to disposal. Target costing determines the cost a product must have to be competitive in the market, working backwards from the price customers will pay. Benchmarking compares a company's processes and performance metrics to industry leaders to identify areas for improvement.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
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    Important Theory Question Strategic Cost & Management Control

    1. Explain the term Strategic cost management. Explain the role of SCM in strategic positioning. 2. What is Product life cycle costing? What are the characteristics of product life cycle. 3. Explain briefly the phases in product life cycle. 4. Define target costing. What are the advantages of target costing. 5. Discuss the essential elements in target costing. 6. Describe the Just-in-time philosophy. 7. What do you understand by benchmarking? Explain the types of benchmarking. 8. Explain the stages involved in Benchmarking process. 9. Define & Explain the concept of Activity Based Costing. Briefly mention the purposes of activity based costing. 10. Define the activity based management. List business applications using ABM information. 11. Define the term Value chain analysis. Explain the steps which are involved in value chain approach. 12. Explain the application of linkage analysis in cost reduction and value addition. 13. Explain activity based budgeting and Zero based budgeting. 14. Explain performance budgeting. 15. What are responsibility centers. What are the different type of centers. 16. Explain ROI,RI and EVA as performance measurement tools. 17. What is transfer pricing? What are the essential elements. 18. What is balanced score card ? Explain different perspectives of balanced score card. 19. Explain partial and Total productivity measurement 20. What is the importance of quality cost Management? .

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